SIMILAR ARTICLES

Eurostat: Romania and evolution of employee number in public sector in an European context

Romania, Hungary and Slovenia are the member states that recorded the largest increase in the share of public sector employees in the total number of… Mai mult

Ministry of Finance is drafting a new fiscal framework valid as of January 1, 2019

The Ministry of Public Finance makes a “comparative analysis” of the Tax Code and the Tax Procedure Code with a view to applying a new… Mai mult

Fitch confirms Romania’s rating at BBB- but warns: fiscal loosening is risky for macroeconomic stability

Fitch Ratings confirmed on Friday Romania’s rating for long-term foreign and local currency debt at BBB-, with a stable outlook, but warned that fiscal loosening… Mai mult

AOAR – Economy against new Criminal Code: businessmen denounce excessive protection provided to officials who cause damages to economy

The Businessmen’s Association of Romania (AOAR) asks the ruling coalition to explain the mechanism by which, after changes introduced on Wednesday in the Criminal Code,… Mai mult

“We are working on a tax amnesty mechanism”: announcement made by Minister of Finance

Finance Minister Eugen Teodorovici said at a press conference held in Bistrita that “a mechanism of this type is in progress”, a mechanism on tax… Mai mult

OLAF runs investigation at Metrorex – possible overpriced payments at Metro Line 5

de Vladimir Ionescu , 5.2.2018

UPDATE: In a statement issued to RFI, OLAF confirmed the investigation at Metrorex, and its topic – the Metro Line 5 (M5) financed by European funds.

OLAF points out that is currently investigating allegations of irregularities in the EU-funded project for Bucharest Metro Line 5.

***

Several agents of the European Anti-Fraud Office (OLAF) made verifications on Wednesday at the Ministry of Transport documents regarding payments made by Metrorex to the consortium that builds the Metro Line 5 (Drumul Taberei), Hotnews writes, quoting government sources.

OLAF suspects overvalued payments made with the complicity of some Metrorex employees.

Government sources are also quoted by Agerpres in the following statement:

OLAF is the audit of the European Commission and can investigate any project financed with European funds. Taking into account that this project (Metro Line 5 – editor’s note) is about to be completed and the amount drawn is very high, OLAF can anytime come to check. The OLAF representatives were present for three days at Metrorex, checked the documents on M5 but when they completed the investigation, they did not say that they came to check a certain issue or what the verdict is. They have the right to investigate at any time and they did not say that they came to investigate this and that. They only requested the documents on M5.

The metro line Drumul Taberei (Opera House – Raul Doamnei) is built by a consortium consisting of Astaldi, FCC Construccion, AB Construction and Delta ACM Antrepriza.

Metro Line 5 will serve over 300,000 inhabitants in Districts 5 and 6 and will have ten stops: Raul Doamnei, Valea Argesului, Valea Ialomitei, Romancierilor, Drumul Taberei Park, Tudor Vladimirescu, Favorit, Orizont, Academia Militara and Eroilor.

Works started in 2011 and should have been completed in 2014. The latest deadline committed is 2019.

The total updated value of the project, according to the general estimate, is RON 3.22 billion, of which:

  • eligible POS-T -RON 871 million (European non-reimbursable funds)
  • non-eligible POS-T – RON 524 million
  • eligible POIM – RON 1,479 billion (European non-reimbursable funds)
  • non-eligible POIM – RON 345 million.

OLAF is the EU institution that investigates cases suspected as frauds with European funds and, depending on the result of the investigations, recommends the recovery of illicitly used funds, and when there is evidence of a possible offense, it recommends to the national authorities to initiate legal actions.

Mergeți în homepage ›

Publicat la data de 5.2.2018

Lăsați un comentariu


NEWS

Ministry of Finance is drafting a new fiscal framework valid as of January 1, 2019

The Ministry of Public Finance makes a "comparative analysis" of the Tax Code and the Tax Procedure Code with a view to applying a new… Mai mult

Eurostat: Romania and evolution of employee number in public sector in an European context

Romania, Hungary and Slovenia are the member states that recorded the largest increase in the share of public sector employees in the total number of… Mai mult

Fitch confirms Romania's rating at BBB- but warns: fiscal loosening is risky for macroeconomic stability

Fitch Ratings confirmed on Friday Romania's rating for long-term foreign and local currency debt at BBB-, with a stable outlook, but warned that fiscal loosening… Mai mult

"We are working on a tax amnesty mechanism": announcement made by Minister of Finance

Finance Minister Eugen Teodorovici said at a press conference held in Bistrita that "a mechanism of this type is in progress”, a mechanism on tax… Mai mult

AOAR - Economy against new Criminal Code: businessmen denounce excessive protection provided to officials who cause damages to economy

The Businessmen’s Association of Romania (AOAR) asks the ruling coalition to explain the mechanism by which, after changes introduced on Wednesday in the Criminal Code,… Mai mult

Number of insolvencies increased by 12% in first five months. Suspended activities - plus 31%, dissolutions - plus 59%

The increase in the number of companies and PFAs in insolvency was 11.97% in the first five months of this year, compared to the same… Mai mult

Transport infrastructure in Romania needs EUR 70 billion - double as compared to existing resources

The investment needs in Romania's transport infrastructure exceed EUR 70 billion, while the available resources by 2030 are EUR 36 billion, according to the Transport… Mai mult

Refusal to work annuls entitlement to social assistance - bill voted in Chamber of Deputies

Deputies adopted a draft law on Wednesday whereby entitlement to social assistance ceases when a job is refused. The decision, Agerpres announced, was taken with… Mai mult

Subsidy of RON 900/month for employing a graduate based on contracts of indefinite duration

The National Agency for Employment (ANOFM) grants subsidies of RON 900/month to employers who employ graduates of educational institutions, with contracts of indefinite duration, within… Mai mult

C.P. Tariceanu, before the heads of Senates from EU: The European Commission has encouraged the parallel state, in Romania it is like in the 50's

Calin Popescu Tariceanu (foto) delivered a very tough speech on Friday, in the Senate, addressed to the European Commission, which he accused of encouraging the… Mai mult

National Bank of Romania wants to lower indebtedness limit in granting loans to individuals

The National Bank of Romania (BNR) sent to banks for consultation a draft amending Regulation 17/2012, which provides for a consistent lowering of the indebtedness… Mai mult

High impact provisions: Senate has adopted PSD-ALDE amendments to the Code of Criminal Procedure

Senators adopted on Wednesday the draft for amending the Code of Criminal Procedure, by 74 votes for to 28, against. The bill goes to the… Mai mult

RBL: Workforce crisis is worse than economic crisis - 3.4 million Romanians have left the country in last 10 years

Migration is one of the most serious problems facing Romania at this time, along with the lack of infrastructure. However, the return of Romanians to… Mai mult